econ 100b Documents

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Problem Set 1 Solutions
ECO100B Microeconomics B
Professor Michael Noel
University of California San Diego
PRODUCTION FUNCTIONS
1. Suppose x and z are inputs to production according to the production function f(x,z) = xz3 + ln z + x2.
What is the MRTS at

Problem Set 2
ECO100B Microeconomics B
Professor Michael Noel
University of California San Diego
1. Output can be produced using capital (K) and labor (L). The price of labor, the wage, is w. The price
of capital, the rental rate, is r. The production fun